AO Kaluga Electrosvyaz (merged with Center Telecom)

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Kaluga Electrosvyaz is the main local telecommunications service provider for the Kaluga oblast in Central Russia with a population of 1.06 million. The company provides local telephone service through its own network. The company also offers national and international service through Rostelecom's infrastructure. Company provides wide range of traditional and modern telecom services: local and long distance communications, paging, Internet, data transmission services, trunk communications. The company was partially privatized in 1993, after the formation of Svyazinvest, the national holding company which consolidated the government stakes in all of the 85 regional telecommunication companies. Svyazinvest held 38 percent of the common shares and 51 percent of the voting shares in Kaluga Electrosvyaz. The biggest shareholders after Svyazinvest are DKK (10 percent) and Bank Credit Swiss First Boston AO (9 percent). As a result of Svyazinvest’s consolidation Kaluga Electrosvyaz became a branch of the mega-regional company JSC Central Telecommunication Company in December 2002. In the course of the telecommunications industry restructuring during 2000-2002 Svyazinvest created seven large telecom companies in Russia's macro-regions by consolidating 74 local operators. As a result of reorganization, the property and personnel of regional operators was transferred to corresponding regional branches: Center Telecom, North-West Telecom, Volga Telecom, South Telecom, Uralsvyazinform, Siberia Telecom and Far East Telecom (Dalsvyaz). JSC CenterTelecom (earlier known as AO Electrosvyaz Moscow ) became the base company in the process of consolidation of 16 regional providers in Central Russia. The companies that were removed from the state register and renamed into branches of JSC "CenterTelecom" were: Belsvyaz, Bryansksvyazinform, Voronezhsvyazinform, Ivtelecom, Lipetskelectrosvyaz, Smolensksvyazinform, Tambov Elektrosvyaz, Tulatelecom, Vladimir Region Elektrosvyaz, Kaluga Region Elektrosvyaz, Kostroma Region Elektrosvyaz, Kursk Region Elektrosvyaz, Oryol Region Elektrosvyaz, Ryazan Region Elektrosvyaz, Tver Region Elektrosvyaz, and Yartelecom. Starting from 2003 became a branch of Center Telecom. Clarify percent private after 1997 when Svyazinvest was privatized.